Interactive Brokers Group (NASDAQ:IBKR) Reaches New 1-Year High - Here's What Happened

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $59.21 and last traded at $58.80, with a volume of 1500386 shares changing hands. The stock had previously closed at $57.84.

Analysts Set New Price Targets

Several brokerages have issued reports on IBKR. Barclays reissued an "overweight" rating and issued a $65.00 target price on shares of Interactive Brokers Group in a research report on Thursday. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Citigroup increased their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday. Piper Sandler reduced their price objective on Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America decreased their target price on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and an average target price of $56.25.

Interactive Brokers Group Trading Up 1.8%

The stock has a 50 day simple moving average of $51.77 and a 200-day simple moving average of $48.63. The firm has a market cap of $99.57 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 3.06 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, May 30th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 17.30%.

Institutional Trading of Interactive Brokers Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC purchased a new stake in shares of Interactive Brokers Group in the first quarter worth about $26,000. Aster Capital Management DIFC Ltd increased its stake in Interactive Brokers Group by 39.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock worth $33,000 after acquiring an additional 53 shares during the last quarter. Bellwether Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $35,000. City Holding Co. bought a new position in shares of Interactive Brokers Group during the 1st quarter valued at approximately $33,000. Finally, Nvwm LLC purchased a new position in shares of Interactive Brokers Group in the first quarter valued at $33,000. 23.80% of the stock is currently owned by institutional investors.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.

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